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Wearable Devices Expands its Presence in the Defense Sector with New MDK Sale to a Global Defense Company
This purchase marks growing interest in Wearable Devices in the defense market, following its previous agreement with another defense sector leader YOKNEAM
About this update from Wearable Devices Ltd.
[{"type":"text","content":"This purchase marks growing interest in Wearable Devices in the defense market, following its previous agreement with another defense sector leader\nYOKNEAM ILLIT, ISRAEL, July 24, 2024 (GLOBE NEWSWIRE) -- Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), a technology growth company specializing in artificial intelligence (“AI\")-powered touchless sensing wearables, announced today that a global defense company has purchased its state-of-the-art Mudra Development Kit (“MDK”) to evaluate certain deep-level capabilities. This purchase marks additional opportunities for Wearable Devices in the defense market, following its previous agreement with another defense sector leader. The MDK enables developers to integrate advanced gesture control functionalities into their systems, utilizing Wearable Devices' innovative Mudra technology. This powerful toolset will support the defense company's efforts to enhance user experience and operational efficiency through intuitive, touchless interaction. Asher Dahan, Chief Executive Officer of Wearable Devices, commented: \"We are excited to expand our footprint in the defense sector with this new partnership. The MDK offers unparalleled capabilities that align perfectly with the high standards and innovative requirements of the defense industry. The interest coming from this specific sector signifies the growing recognition of our technology's potential to revolutionize user interfaces in critical applications.\" About Wearable Devices Ltd. Wearable Devices Ltd. is a growth company developing AI-based neural input interface technology for the B2C and B2B markets. The Company’s flagship product, the Mudra Band for Apple Watch, integrates innovative AI-based technology and algorithms into a functional, stylish wristband that utilizes proprietary sensors to identify subtle finger and wrist movements allowing the user to “touchlessly” interact with connected devices. The Company also markets a B2B product, which utilizes the same technology and functions as the Mudra Band and is available to businesses on a licensing basis. Wearable Devices Is committed to creating disruptive, industry leading technology that leverages AI and proprietary algorithms, software, and hardware to set the input standard for the Extended Reality, one of the most rapidly expanding landscapes...